$197,000
SOLD OCT 15, 2024
-- Bed
-- Bath
1,848 Sq Ft
1,742 Sq Ft Lot

Recently Sold

$107 Per Sq Ft

Highlights

  • Traditional Architecture
  • More Than Two Accessible Exits
  • Ceiling height of 9 feet or more
  • Paneling
  • 1 Detached Carport Space
  • Forced Air Heating System

About This Home

As of October 2024

YOU’RE LOOKING AT A GREAT INVESTMENT OPPORTUNITY!
Here’s a tastefully updated duplex, with a strong rental history, in a great city location--just a two-block walk to WellSpan Good Samaritan Hospital and ancillary medical facilities; one block to bus service; walking distance to shopping, dining, banking, the local YMCA, Lebanon Community Library and so much more. Whether you’re a seasoned investor, or you just starting your rental portfolio, this one offers great returns. Both units are currently rented month-to-month. The first-floor unit comes open for new tenancy on October 1st, so you may want to enjoy the perks of owner-occupancy—live in one unit, take the financial benefit of owner-occupied interest rates, and generate rental income from your second unit. That’s the TRIFECTA!
All appliances convey, including the washer/dryer, located in the basement. The laundry can be accessed from an interior door in the first-floor apartment, or via the exterior Bilco-style door on the rear porch. The basement floor is concrete, walls are stone. Three electric services are in place. Two electric water heaters have been recently replaced. Rental units are equipped with electric baseboard heat, and tenant-paid electric. The oil-forced warm air system remains in place, with connection to the second floor. The first-floor unit could also be connected to the FWA system, at the new owner’s discretion.
Currently, the first-floor tenant rents the rear paved parking area and carport. The second-floor apartment includes a rear balcony, an interior staircase, and exterior stairs to the rear lawn.
Ask your agent to provide the Current Income/Expense report. Showings commence on October 1st. ACT QUICKLY—This one is offered just in time to make your purchase within the current tax year!

Last Agent to Sell the Property

Vanessa Marinkov

Bering Real Estate Co. License #RS342797 Listed on: 09/27/2024

Last Buyer's Agent

Christine Nolt

Kingsway Realty - Lancaster License #RS332150

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,580

Year Built

  • Built in 1900 | Remodeled in 2021

Lot Details

  • 1,742 Sq Ft Lot
  • Back Yard
  • Property is in very good condition

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Plaster Walls
  • Shingle Roof

Interior Spaces

  • Paneling
  • Ceiling height of 9 feet or more
  • Electric Oven or Range

Flooring

  • Carpet
  • Vinyl

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • 1 Parking Space
  • 1 Detached Carport Space
  • On-Street Parking

Accessible Home Design

  • Doors are 32 inches wide or more
  • More Than Two Accessible Exits

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Baseboard Heater
  • 100 Amp Service
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 01-2339815-369168-0000

Community Details

Overview

  • 2 Units
  • 3-Story Building
  • Building Winterized

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals, parking

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,580

Year Built

Built in 1900 | Remodeled in 2021

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Accessibility Features: 2+ Access Exits, 32"+ Wide Doors
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Refrigerators, Ranges, Window Unit AC, Washer, Dryer
  • New Construction: No
  • Expected On Market: 2024-10-01
  • Year Built: 1900
  • Year Renovated: 2021
  • Automatically Close On Close Date: No
  • Building Winterized: Yes
  • Remarks Public: YOU’RE LOOKING AT A GREAT INVESTMENT OPPORTUNITY! Here’s a tastefully updated duplex, with a strong rental history, in a great city location--just a two-block walk to WellSpan Good Samaritan Hospital and ancillary medical facilities; one block to bus service; walking distance to shopping, dining, banking, the local YMCA, Lebanon Community Library and so much more. Whether you’re a seasoned investor, or you just starting your rental portfolio, this one offers great returns. Both units are currently rented month-to-month. The first-floor unit comes open for new tenancy on October 1st, so you may want to enjoy the perks of owner-occupancy—live in one unit, take the financial benefit of owner-occupied interest rates, and generate rental income from your second unit. That’s the TRIFECTA! All appliances convey, including the washer/dryer, located in the basement. The laundry can be accessed from an interior door in the first-floor apartment, or via the exterior Bilco-style door on the rear porch. The basement floor is concrete, walls are stone. Three electric services are in place. Two electric water heaters have been recently replaced. Rental units are equipped with electric baseboard heat, and tenant-paid electric. The oil-forced warm air system remains in place, with connection to the second floor. The first-floor unit could also be connected to the FWA system, at the new owner’s discretion. Currently, the first-floor tenant rents the rear paved parking area and carport. The second-floor apartment includes a rear balcony, an interior staircase, and exterior stairs to the rear lawn. Ask your agent to provide the Current Income/Expense report. Showings commence on October 1st. ACT QUICKLY—This one is offered just in time to make your purchase within the current tax year!
  • Special Features: VirtualTour

Interior Features

  • Appliances: Washer, Dryer, Oven/Range - Electric, Refrigerator
  • Flooring Type: Vinyl, Carpet
  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings, Dry Wall, Plaster Walls, Paneled Walls
  • Foundation Details: Stone
  • Room Count: 11
  • Basement: Yes
  • Basement Type: Full, Interior Access, Outside Entrance, Unfinished
  • Total Sq Ft: 2660
  • Living Area Sq Ft: 1848
  • Price Per Sq Ft: 106.60
  • Above Grade Finished Sq Ft: 1848
  • Below Grade Sq Ft: 812
  • Total Below Grade Sq Ft: 812
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 25

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway
  • Number Of Detached Carport Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Detached Carport, On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: 100 Amp Service
  • Heating Fuel: Electric, Oil
  • Heating Type: Baseboard - Electric, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Natural Gas Available
  • Water Source: Public

Schools

  • School District: LEBANON
  • School District Key: 300200397291
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: 102
  • Lot Features: Rear Yard
  • Lot Size Acres: 0.04
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1742.00
  • Property Condition: Very Good
  • Year Assessed: 2024
  • Zoning: RMD
  • Zoning Description: Residential Medium Density

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 2
  • Rent Control: No
  • Total Actual Rent: 25020.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • School Tax: 1861.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 2580.00
  • Assessor Parcel Number: 01-2339815-369168-0000
  • Tax Total Finished Sq Ft: 1848
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 10/15/2024

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 27900.00
  • Income Includes: Apartment Rentals, Parking
  • Vacancy Allowance Rate: 4.00

MLS Schools

  • School District Name: LEBANON

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2024
Closed on
Oct 14, 2024
Sold by
Bilary Property Group Llc
Bought by
Seibel Properties Llc
Seller's Agent
Vanessa Marinkov
Bering Real Estate Co.
Buyer's Agent
Christine Nolt
Kingsway Realty - Lancaster
Sold Price
$197,000
Views
80
Current Estimated Value
$207,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,443
Avg. Annual Appreciation
0.97%

Purchase Details

Listed on
Jul 26, 2021
Closed on
Sep 16, 2021
Sold by
Bosworth Robert Peter and Darling Gerald E
Bought by
Bilary Property Group Llc
Seller's Agent
Melody Kiene
Iron Valley Real Estate
Buyer's Agent
Vanessa Marinkov
Bering Real Estate Co.
List Price
$109,900
Sold Price
$111,600
Premium/Discount to List
$1,700
1.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.33%

Purchase Details

Closed on
Mar 23, 2018
Sold by
The Church Of Christ Of Lebanon Pa
Bought by
The Church Of Christ Of Lebanon Pa
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $197,000 None Listed On Document
Deed $111,600 None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $105,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2024 10/15/24 Sold $197,000 +76.5% $107 / Sq Ft
09/27/2024 09/27/24 Pending -- -- --
09/21/2021 09/21/21 Sold $111,600 +1.5% $60 / Sq Ft
08/04/2021 08/04/21 Pending -- -- --
07/26/2021 07/26/21 For Sale $109,900 -- $59 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,580 $80,100 $6,900 $73,200
2024 $2,459 $80,100 $6,900 $73,200
2023 $2,459 $80,100 $6,900 $73,200
2022 $2,419 $80,100 $6,900 $73,200
2021 $2,336 $80,100 $6,900 $73,200
2020 $2,336 $80,100 $6,900 $73,200
2019 $2,302 $80,100 $6,900 $73,200
2018 $2,236 $80,100 $6,900 $73,200
2017 $631 $80,100 $6,900 $73,200
2016 $2,177 $80,100 $6,900 $73,200
2015 $1,084 $80,100 $6,900 $73,200
2014 $1,084 $80,100 $6,900 $73,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALN2016626

Bright MLS

APN: 01-2339815-369168-0000